Posts tagged “Vivek Wadhwa”
Analysis: It is easy to look at all the things that are wrong with your job. But instead of being despondent at work and focusing on the two or three things that you think are wrong with your job, try thinking about the twenty or so things that are good about it. Try making a list of all that’s good about your job, including the fact that you have one.
Analysis: Workforce education increases productivity, decreases turnover, and leads to greater corporate growth. A study of industry in India provides the bottom-line proof.
Analysis: Business ethics are not something you need to start worrying about when your company reaches a certain size; they need to be sewn into the fabric of your startup from the get-go. The lessons are the same for tech businesses as they are for investment banks and for third-world economies.
Opinion from Vivek Wadhwa: All who take the risk are entrepreneurs, but research shows that there are two types of entrepreneurs: “Replicative entrepreneurs”, who constitute the vast majority of small businesses, and “innovative entrepreneurs,” the rare few who bring new products/services to market or who pioneer new production methods. But the bottom line is this: Entrepreneurs are made, not born.
Opinion from Vivek Wadhwa: Contrary to VC’s conventional wisdom, the majority of successful entrepreneurs didn’t have entrepreneurial parents. They didn’t even have entrepreneurial aspirations while going to school. They simply got tired of working for others, had a great idea they wanted to commercialize, or woke up one day with an urgent desire to build wealth before they retired. So they took the big leap.
Opinion: Be cautious in your dealings with the world. Don’t mindlessly “bare all”. You should file patents, but these patents provide less protection than you might think. Even if you have a great patent, you will need to fight hard to defend it and will need a good lawyer. In some spaces, you simply can’t get patents even for great, original ideas. Your only recourse is to be faster and better than newer, bigger competitors. Finally, if you do feel you’ve been ripped off, then pull no punches and go for blood.
Opinion: What if we challenged students, entrepreneurs and investors to build businesses that do good for the planet and make a healthy profit doing so? Today, the world faces more problems than perhaps at any point in recent history. Yet we have the greatest minds and the deepest pool of investment capital in the world focused on building Facebook and Twitter apps.
Analysis: Most startups and venture capital firms lack women in founding and key leadership roles. Why? Studies show that VCs and tech companies are holding back the most productive half of our population for some perplexing reasons.
Opinion: There are too few women running high-tech companies; that's too bad, considering evidence shows female-led businesses outperform those run by men
Opinion: Tech leaders and entrepreneurs at a cleantech conference agree that the U.S., by far, has the strongest innovation platform in the world. But other countries may well reap the benefits of its research efforts. China, in particular, is making massive investments and has a huge advantage from focused policy and large markets.
Opinion: We can boost the economy without any cost to taxpayers. It’s not about admitting H-1B visa holders who sometimes make Americans compete for high-paying jobs, but bringing in entrepreneurs who expand the pie for everyone.
Opinion: The one skill which entrepreneurs need is something they don’t teach in business school—selling. The ability to persuade people to believe in you is a necessity. That’s because sales is not just about selling things for money. Selling is about life.
Commentary: To be known, you have to have a great story and tell it to the right people. And to build a great product, you need to get all the feedback you can from potential customers, marketing experts, venture capitalists, lawyers and accountants.
Analysis from Vivek Wadhwa: Instead of encouraging the first brain drain in U.S. history, the country should create a program to welcome funded startup entrepreneurs.
Analysis from Vivek Wadhwa: If you want to be a successful entrepreneur, don’t win a business plan competition. If you do win, your first act might be to hire a CEO with industry experience. And win or lose, the most valuable lessons you’ll learn will come more from playing the game than from coming up with the best plan.